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important meetings of the year. shinzo abe is flying to washington for his first talks with u.s. president barack obama since he took office in december. their agenda is packed and their discussions are expected to touch on everything from a wide-ranging free trade deal to punishing north korea. >> translator: i want the summit talks to show the international community that japan and the united states have restored the strong bond of their alliance. >> abe says that alliance became unstable during the former democratic party-led administration. he says he's going to talk to obama about the u.s.-led negotiations for the transpacific partnership. nations that joined the discussions for the free trade agreement are supposed to in principle eliminate all tariffs, but abe doesn't want to abide by the precondition. abe and obama are expected to share ideas on what to do about north korea. scientists in the country last week carried out their third nuclear test. they are agreed to push for a nuclear resolution imposing new sanctions on pyongyang. >>> government officials say the prime minister wi
memory lane for the new u.s. secretary of state on a visit to germany. >> and a step closer to bundesliga. berlin get an important win. and that italy faces political deadlock after the country's national elections produced no clear winner. no single party was able to secure a majority in both houses of parliament. >> the center-left candidate is claiming a narrow victory, but it is not enough for him to build a government. >> former prime minister silvio berlusconi came in a close second. coalition talks are under way, but many italians are unsure they will produce a stable government. >> italian voters have elected new representatives, but where does that leave the country? newspaper headlines are skating. one reads -- the only winner is ungovernability. there's already talk of free elections. >> i do not know what to say. i think we voters are being taken for a ride. >> i have no idea what will happen now. they will reach some kind of decision. everything is in the hands of four or five people again. they just do what they want. >> italy's political landscape is in turmoil. the central
program. obama finally gets his man. the u.s. senate confirms chuck hagel. what increased demand for cocoanuts has failed to bear fruit for indonesia as farmers. pope benedict xvi is making his final appearance in st. peter's square as the roman catholic pope -- his final appearance in at st. peter's square. he is the first pope in 600 years to resign. >> in these recent months, i felt my weakening strength. i prayed and asked for in light meant to make the right decision for the good of the church. >> barbara, amid the huge outpouring of affection from the faithful gathered there. >> absolutely. a lot of people have turned out to say goodbye to pope benedict xvi. 50,000 tickets were sold. it is more likely that there are about 150,000 people around the vatican and the main road that leads to it. people are still walking towards st. peter's square, but they're being redirected to other parts around the square where there are big screens where they can watch the pope. nothing compared to the figures of the people we saw for the funeral of john paul back in 2005. that was a funeral
. the party secretary said that the test was a self-defense measure against u.s. hostility. he said if u.s. officials continue to increase pressure north koreans will respond with high level counter measures. another official threat is capable of attacking military basis on the u.s. mainland. >>> kim jung one is celebrating his father's birthday. he's ordered the promotion of 48 commanders. kim jong-il would have turned 71 on saturday. kim jong-un promoted officers to the ranks of lieutenant and major general to mark the anniversary. kim said the promotions reflected the spirit of his father. he called the officers loyal warriors and he said they would help north korea achieve what he called final victory. >>> south korean defense ministry officials say they remain on alert for the possibility of another nuclear test by north korea. spokesperson said the north has been preparing for a nuclear test at a tunnel in addition to the western one that was used on tuesday. kim said the entrance of the western tunnel appears to be intact after the underground explosion. he explained no radioactive
that threatens the lives and safety of south koreans. japanese prime minister shinzo abe and u.s. president barack obama are trying to figure out how to punish north korea. they spoke on the phone and agreed to push for additional sanctions through the united nations security council. abe told obama that the nuclear tests severely damages peace and security not only in northeast asia but around the globe. he said he wants officials in both administrations to work together to bring in financial sanctions. abe cited a previous u.s. sanction as a good example. in 2005 officials at the treasury department imposed penalties on u.s. financial institutions that dealt with north korea. obama said u.s. officials too want to cooperate. he said world leaders need to agree on a firm response. north korean scientists conducted a nuclear test on tuesday in violation of previous u.n. resolutions. abe is set to visit washington later this month to meet with obama in person. >>> obama's new secretary of state gave world leaders a push of his own. john kerry said they need to show they are serious about cont
>>> cyber battle. the u.s. attorney general vs to fight back against hammers stealing trade secrets. u.s. leaders have to do more to fight hackers. attorney general eric holder says they're stealing information that belongs to american businesses. he pointed the finger at foreign companies and governments. >> this work is a to priority for the obama administration, for the entire administration and the dedicated men and women of the united states department of justice. >> holder said he was concerned about economic espionage and cyber attacks from people in china. he listed several cases in which chinese nationals were convicted of stealing trade or secrets. president barack obama expressed his worries last week in his state of the union. he said what he called enemies are trying to sabotage the power grid, financial institutions and air traffic control systems. obama signed a new executive order to strengthen cyber defenses. officials said last year that the number of cyber attacks targeting critical infrastructure has ren draticl dramatically. they reported 198 cases in 2011. only
koreans. japanese prime shinzo abe and u.s. president barack obama are trying to figure out how to punish north korea. they spoke on the phone and agreed to push for additional sanctions through the united nations security council. abe told obama the nuclear tests severely damages peace and security not only in northeast asia but around the globe. he said he wants officials in both administrations to work together to bring in financial sanctions. abe cited a previous u.s. sanction as a good example. in 2005 officials at the treasury department envoked penalties on u.s. financial institutions that dealt with north korea. obama said u.s. officials too want to cooperate. he said world leaders need to agree on a firm response. north korean scientists conducted a nuclear test on tuesday in violation of previous u.n. resolutions. abe is set to visit washington later this month to meet with obama in person. >>> obama's new secretary of state gave world leaders a push of his own. john kerry said they need to show they are serious about containing nuclear arms. >> north korea's nuclear weapons and
, the obama administration claims it has legal authority to assassinate u.s. citizens overseas even if there is no intelligence indicating they are engaged in an active plot to attack the u.s. we will speak with jameel jaffer from the aclu. the obama administration is claiming the legal authority to indefinitely detain americans without charge or trial. >> the way in which our fundamental rights, our bill of rights, our constitution freedoms have been abridged by the last 10 years and more as president obama is unhappily following in that tradition. >> we will speak with whistleblower daniel ellsberg who is in new york this week to attend an appeal in his lawsuit against the ndaa. we will speak with computer security researcher jacob appelbaum who lost a federal appeals court ruling that the government could subpoena his twitter and e-mail information without a warrant as part of its probe into wikileaks. the boy scouts of america prepared to vote on whether to lift its ban on gay members. >> the question always comes down to, can case raise quick -- raise kids? most people really d
. >>> fueled by a weaker yen and strong sales of cameras in the u.s. >>> and shares in virgin media rally after an offer for a takeover that could value the uk cable operator at $20 billion. >> all right. welcome to tuesday. >> it's get together tuesday. coordinated, as well. >> the final print for the eurozone is finally come in, 48.6, a little better than the forecast of 48.2. >> may i just say, though, the employment index, look at that, 46.1, which is just barely better than the flash estimate but still the lowest since december 2009. on a downward trajectory. it's not germany where the final composite was 54.4. it's the periphery still. france's final january pmi falls to 46.1. >> france is where the concern is. we have francois hollande today speaking to the eu parliament. he's going to lay out his vision for the eu against that economic back drop. >> isn't it amazing? we come into the week yesterday with everyone still talking. you have that great barons cover, you come in, just get the risk trade massively off. and the question for today and the rest of the week is frankly whether that'
/3 of the chamber had been elected illegally. u.s. officials say radioactive waste is leaking from six under grow storage tanks in the state of washington. the tanks are about 8 kilometers from the columbia river. officials say there is no immediate threat to public health. the former nuclear weapons production complex is america's most contaminated nuclear sites. the u.s. is spending billions in an effort to manage thousands of tons of nuclear waste. in mali, at least 70 people were killed in clashes between rebels and soldiers. at least 13 troops were killed along with 65 rebels. the fighting raged in the northern part of the country near the algerian border. over the last month, the militants have been driven into the desert and mountains by french and african soldiers. france says it wants to start withdrawing its troops next month. are american troops leaving afghanistan at the end of 2014 or not? that dispute came up on friday. german and to the german defense minister told reporters at least 8000 u.s. soldiers will stay in afghanistan after 2014. washington says it is still weighing its op
the unemployment rate is too high at the moment. so the head of the u.s. federal reserve has defended the central bank's monetary stimulus package. this has eased concerns fed officials would cut short their asset-buying program. chairman ben bernanke on tuesday presented his semi-annual report to the senate. he acknowledged bold monetary easing could cause inflationut stressedhe mit of the licy. >> we do not see potential cost to the increased risk taking in some financial markets as outweighing the benefits of promoting a strong economic recovery and more rapid job creation. >> bernanke also warned imminent spending cuts could put the brakes on recovery if they take effect on march 1st. he urged republicans and democrats to set aside their differences to find a solution. now, bernanke also said he understood japanese prime minister shinzo abe's push for heaid abe i trying to boost the economy and is not manipulating exchange rates to devalue the yen. >>> u.s. president barack obama wants republicans to compromise before budget cuts take effect on friday. >> there are too many republicans in con
in london or certainly in the u.s. they wouldn't mind seeing at this point. >> we've created a million private sector jobs. >> in britain? >> yeah. >> well, congratulations. >> there you go. that is the great conundrum, right? >> it's true. the different between -- well, and even with germany. the liesh market social security holding up, despite the sharp contraction in the fourth quarter. although this will probably add to the sense that the german economy bottomed during that period. >> did i see any -- i haven't seen any, no. i think that's out a little later. plenty to get through on today's program. >> it's good to be back, by the way. >> biggest take away from the mobile world congress? what's the one thing you saw that you thought, oh, that is really cool. >> i go to a conference like this and i think, machine res taking over the world. >> that's the thing we talk about. i don't like those machine peps. >> exactly. so 50 billion connected-m devic. that's a figure thatjs -- some y the point is, it isn't just about you and i talking to each other on a mobile phone. we are well bey
. >> and is steady as she goes, the u.s. economy is expected to keep up the recent trend of modesty of unspectacular job growth in january. >>> plus, the dutch finance minister warns of a worsening deficit this year, this after the government is forced to bail out local banks after a bailout of 3.7 million euros. >>> we kick off with the pmis out of the eurozone. january manufacturing pmi, 47.9. the flash 47.5, december manufacturing pmi was 46.1. it has boosted the euro to maintain its gaze, now back over to 1.3651 and continuing to climb high. that is now a 32-month high against the yen, as well, at 11.25965. the german manufacturing pmi was a little better, as well, this morning. helping to boost those numbers. we suggest that there's benefits from emerging markets rather than, perhaps, from elsewhere in europe. anyway, coming in better once again for the eurozone. still in contraction territory, but, of course, the trend is what is being concentrated on. we had similar indicators for two die verging views on china's recovery. eases to 50.4 for january, that was below the forecast of 5079 the. bu
in general took prime minister abe's u.s. visit in a positive slant as well. so that might be helping. now, there is a great deal of focus, of course, on his policies for boosting growth in japan known as abenomics, which has sent the nikkei up to highs we've seen so far. markets really want to know if this is sustainable, and investors really need to see more action. now, the naming of this new bank of japan governor may really aid a lot of that sentiment, we shall see. but a pretty positive opening here. ai, i will keep track of ku currencies as well as stocks. back to you. >> thank you, ramin. the nik kerks i up 1.9%. ramin touched on it, but the japanese prime minister cleared one hurdle to free trade negotiations in talks last week with u.s. president barack obama. shinzo abe is now back in japan where he'll work on building support at home for the trans-pacific partnership. abe and obama issued a statement on friday after their first summit. they said universal tariff cuts are not a pre-condition for joining the negotiations. japanese opponents to the ttp had said the tariff issue wa
a 500 pound settlement with u.s. and uk regulators later this week. rbs will cover the bonus pools after a warning from the government that taxpayers should not foot the bill. rbs is planning to float the 316 branches of santander it has so far failed to sell. according to the papers, an ipo would allow the bank to dispose of that unit cleanly. lots going on. we're pleased to be joined by michael brown. welcome. >> happy monday morning. >> i know you want to talk about the super bowl. >> well, that would be nice given i was up watching it. >> i'm impressed. i should have been up staying up all night. my sister lives in baltimore. >> there are plenty of bank stories to get to in the meantime. >> absolutely. >> we're going to hear from george osborne in just a couple on hours' time. what does this mean? >> the idea is, of course, that we should have capital in both parts. but the problem is, there isn't enough capital to go around and, therefore, you don't want to spook the financial markets by saying, by the way, yes, you do need to have this. how do we get to where we want to be, i.e. en
meeting. they're due out later this afternoon in the u.s. will the fomc offer clues on an end to qe3? we're joined at 11:30 to weigh in. >>> with india's government clouded in corruption allegations, we'll speak to one of the country's wealthiest individuals and what it means for business. billionaire udai kotak joins us in 20 minutes' time. >>> plenty coming up including sony which is heading to the bill apple for a major on, national endowment. will the game console giant take the wraps off its rumored playstation? expert analysis at 11:20 cet. >>> and bhb bulletin has posted a steep fall in earnings for the first time in the year. the australian mining giant announced change at the top after the 43% drop in profit. we have more on this report from sydney. >> reporter: the surprise at bhp, billiton's ceo mariu marius kloppers announcement coming earlier than expected. >> coincided today with a weaker pricing environment. but two totally unrelated events. >> reporter: he will be replaced by andrew mckenzie, current head of bhp's middles division. he's well regarded in the industry and s
." agreement from the u.s. department of education's ready to learn grant, and viewers like you, thank you. mmy, bat, nuggets and all your favorite animated characters are auditioning, and you're the judge. so plug into pbskidsgo.org and play to decide who has what it takes. wait, wait, jess, don't leave. i'll help you out here. pull! (glass breaking) cut! captioning sponsored by wpbt >> this is n.b.r. >> susie: good evening everyone. i'm susie gharib. worries about political gridlock, in italy and in washington, cause investors to dump stocks. it's the worst day for wall street since the november elections. >> tom: i'm tom hudson. with $85 billion in federal spending cuts just days away, we talk with congresswoman cathy mcmorris rodgers. >> susie: and the man who founded barnes and noble wants to buy his bookstores back, but he has no interest in the company's electronic book reader b&n's nook business. >> tom: that and more tonight on "n.b.r."! >> susie: a sharp sell off on wall street today, as stocks suffered their biggest drop since november. italian and american politics put investors in
-off. u.s. markets fell yesterday following the release of the fed minutes. it was the worst day of the year for the s&p and nasdaq. as you can see, shedding 108 points there, a rare triple digit decline this year. energy and material stocks were the worst hit. all ten s&p sectors did hit the day lower. volatility on the rise. the vix rose nearly 20% on this session. the sell-off has continued overnight. the shanghai composite, the australian markets taking it on the chin. will i sixuan joins us from singapore. >> thank you, kelly. fears of an early access by the fed rocks sentiment here in asia today. the nikkei pulls back 1.4% from its 52-month high. investors remain cautious ahead of the decision on the next boj chief. construction equipmentmakers were down after caterpillar reported slowing sales for the quarter ending january. but batterymaker gsyuasa reported a fix over long-term battery problems. the shanghai composite tumbled to 3% today. commodity place were under a lot of pressure today after the u.s. fomc minutes raised the possibility of a qe asset. development and ce
shut for the chinese new year and large parts of the u.s. struggling with extreme weather. >> digging out from nemo, residents and u.s. businesses hope to resume to normal business after mother nature dumped nearly three feet of snow in some areas. >>> and ben affleck's iran hostage drama "argo" picks up the best film accolade. daniel day-lewis wins best actor. >>> we're up for another week. we might do what they did and share the love around. >> i read the reports. we're going to talk about it later. there was no one dominant film. >> i thought it was interesting that "argo" won best picture? it was a great movie, but best movie? really? is that the -- >> "lincoln" only got -- sometimes they're quite clued up. the nominations were very similar. do you think lincoln would do better than it did. >> daniel day-lewis picked up an award. help recap for those of us who didn't catch the whole thing or any of it, frankly, but yeah, britain's big film night. now it's time for the u.s. in a couple of weeks. >> besides that, plenty of other things we're looking at today. another day, another su
by groups opposed to economic reform, on top of that, u.s. equities face a looming friday deadline for massive government budget cuts, known as "sequestration." the dow tumbled 216 points, the nasdaq fell nearly 46, and the s&p 500 lost 28 points. while there's been much talk of a correction in the stock market, sequestration may not be the catalyst. suzanne pratt reports. >> reporter: it is widely accepted on wall street that sequestration is coming. and, with it a new reason for the fragile u.s. economy to sputter. but, what will the first phase of billions of dollars in federal spending cuts actually do to the u.s. stock market? after all, major market averages are hovering close to all-time highs, and don't forget investors are finally warming up to equities again. floor broker art cashin says today's selling was mostly a reaction to italy's election, and that the stock market is not yet focused on sequestration. >> i don't think that even we slip into sequestration it will have the same dramatic effect that the fiscal cliff and the debt ceiling had. it is seen as somewhat temp
of the hour. ftse 100 adding about 0.8% for its part. we'll see if this positive move carries over to u.s. markets when they open in just a few hours time. as for the bond rates, it's been surprisingly quiet were as well. same happening with spain to 5.15%. so some movement out of gilt. that yield up to 2.12. it's moving out of bunds, as well, although we're still below 176%. no major change from trade levels that we've seen for the last couple of weeks. finally, forex, let's take a look at the euro. this has been important setting the tone for the trading session here and again in the u.s. the last couple of days today. it's adding 0.3%. 1.3233. we saw it jump up nearly 0.4% after that ifo data. the dollar/yen, the yen is weakening again today within adding about 0.4%. so we'll see what impact that has had on trade across asia. let's get straight to li sixuan for more. hi, sixuan. >> thank you, kelly. asian markets wrapped up the wobbly week on a mixed noed note. the shanghai composite lost 0.5% today and slumped nearly 5% on the first trading week on the year of snake. investors cautiou
bomber strikes the u.s. embassy in turkey. killing two and injuring many more. as he tries to make his way into the building. saying good-bye to the secretary. hillary clinton bids farewell to the state department after four years at the helm. >> i hope that you will continue to make yourselves, make me and make our country proud. thank you all and god bless you. >> and seven years after hurricane katrina, the superdome in new orleans gets ready to host the super bowl in the big easy signature style. welcome to our viewers on public television in america and also around the globe. tonight the obama administration denounces the assault on the u.s. embassy in turkey as a terrorist attack. a suicide bomber blew himself up at a security gate killing a turkish security guard and injuring those nearby. according to turkish prime minister, an outlawed marxist group is responsible for the violence. our james reynolds is on the scene and filed this report. >> america's foreign missions are as much fortresses as embassies. this is why. this afternoon
from her later in the show. >>> and taking the positive u.s. housing numbers from the nhab numbers. we'll be in new york with analysis at 11:45 cet. >> the italian election race is heating up. there is less than a week before voters head to the polls. comedian turns politician beppe grillo, in fact, is owes closing in on sylvia berlusconi for second place. official polls can no longer be published. the private polls seen by reuter s suggest mario monti may, in fact b with be something of a spoiler. >> and the election largely coming down to five key candidates. the front-runner is bersani. he's the leader of the center left pd party, calling for growth measures alongside monte's plan. sylvia berlusconi is threatening to make a political comeback despite corruption scandals. we've mentioned the comedian beppe grillo. at the same time, the former caretaker mario monti, he's been struggling to gain ground in his first ever political campaign. and then last, not necessarily least, there's the civil revolution leader and former public prosecutor antonio ingrola. >> only in italian politics.
plan to end the longest war in u.s. history by withdrawing half of the forces by the end of the year. >> our forces will move into a support role bought at can forces take the lead. tonight, i can announce over the next year another 34,000 american troops will come home from afghanistan. this straw that will continue. by the end of next year, our war in afghanistan will be over. >> we will have more from the state of the union address and reactions after the headlines. the u.s. airstrike in afghanistan have killed 10 civilians. the strike hit a suspected taliban hideouts. most of the dead were women and children. california police say they believe former los angeles police officer christopher dorner has died in a final standoff in the snowy mountains of big bear. a suspect believed to be dorner took refuge in a cabin after a car chase. a single gunshot was reportedly heard from within the cabin before it erupted in flames. officers are now testing the dead body recovered from the site to confirm they have dorner's remains. the shares deputy was killed in the gunfight between police a
blaze in a popular kansas city shopping district. >>> shocking allegations that cyber attacks on u.s. targets are coming not only from the chinese but from the chinese military. >>> plus, joe biden's assault rifle alternative and a sea otter that's got some game. >>> good morning. can daver dogs are being sent into kansas city to search for possible victims this morning after a blast leveled a section of the city shopping district. a gas explosion around 6:00 p.m. caused a massive fire at the popular jj's restaurant. witnesses said that came out of nowhere, as of yet, no confirmed fatalities. the primary concern is to find those missing. >> i came in, he told us to evacuate, next thing i know, everything just exploded. it was the scariest thing i ever witness zbld the flames were taller than the building next to it. there were people who were evacuating over here. so, it was just kind of crazy. >> those in the area report smelling gas in the moments leading up to explosion. they'll have to investigate further before any cause can be determined. >>> another emotional day in court for
. there are some wonderful sportsmen and sports women. one more item from the world of sports but the u.s. government has joined a lawsuit against lance armstrong after talks with his lawyers broke down. the suit argues armstrong defrauded the american public by insisting he was not using drugs will writing for the u.s. postal service team. last month, he admitted using performance enhancing drugs. this weekend, italian voters must decide do they trust to get their ailing country moving again. the choice includes a former communist an outspoken comedian, berlusconi, and economic technocrat mario monti. our europe editor has more. naples in the final hours of campaigning in the italian general election but europe fears the result could cause tremors any euro zone. an ex-orites to win is communist. away from the public rallies, he had this message for europe. >> i intend to convince your of the that austerity is not enough. i do not believe european policies are correct. they need to be adjusted to take more account of investment and jobs. >> he promises to reduce the deficit any sense the
. that applies to france, the u.'s second-biggest economy. new borrowing is expected to be well over the target of 3% of gdp. the ecb says france must get its deficit down. >> i believe it is in france's interest to stick to the target of a balanced budget in the medium term. only if the budget is balanced is there any room for maneuver during an economic downturn. >> de e you expect france to see growth this year of just the 0.1%. like the eu as a whole, it is not expected to see growth above 1% until 2014. >> despite all the bad news from the eurozone, german businesses think the future is looking up. the business confidence index has gone up again in february. >> it is the fourth month in a row that the index has risen. it is at its highest level in nearly a year. and to service thousands of german companies about the prospects every month. >> german carmaker volkswagen made record-breaking profits but still sees a bumpy road ahead. they took in almost 32 billion euros last year, more than ever before. >> revenues from vw subsidiary portion did particularly well, but the ceo said that the co
have from them, that video. >> reporter: the u.s. embassy of peru has told them the pair may have then boarded a boat. >> the embase embassy believes they got on the boat for an a . amazon cruise. >> reporter: the family has set up a war room where they're mapping out all they know. >> probably the biggest thing we have access to garrett's bank records and starting january 25th all of his banking ceased. no more withdrawals. there's nothing. there is absolutely no activity. >> reporter: what has the family especially worried, warnings that kidnappers may be targeting american tourists in the peru region. friends and family are pleading for help. >> i want my son to know that i love him, that we all love him. we want them to come home safe and sound. >> when your child is missing it's really, really tough. and we need your help. >> reporter: the family tells me they're getting daily updates from the embassy in peru. they are certainly hoping that those images will lead to the couple. meanwhile, the folks here at the peddler bike shop are asking for the safe return of jamie neal an
of the pond is the snowstorm. it seems like winds, 50 miles per hour. blizzard conditions in the u.s. we know when there's a storm like that headed for the biggest media market frankly in the world, it's probably all you're going to hear about for a while. >> that doesn't mean there aren't other things, too the. >> that's true, in other parts of the world. >> china is ushering in the year of the snake. i'm not sure what that means, but we'll talk about it. should investors brace for a slippery return? i have to say, previous years of the snakes haven't been that great since the big historical events happen. >> maybe we should call it year of the strong. >>> peugeot reveals massive write-downs as reports suggest the company may nationalize. we'll have details live tr paris at 10:10 cet. sxwt latest on the blizzard threatening to bring chaos to the east coast. we'll have the latest from atlanta. >> and are investments as pretty as a picture or a still life? ross, there's been a couple of big auctions here lately and it's always a good gauge of how well people are doing, how hard assets, real pr
. that was mr. bernanke last night. gave support to u.s. markets as we're just over an hour and nearly ten minutes into trade in europe. down on the session lows. you see pretty even stevens on the dow jones stock 600 between advances. and advances nosing in front at the moment. we have come back from the earlier, better start that we had. nevertheless, trying to claw back losses from where we were yesterday. the xetera dax flat at the moment. the ibex in spain up .5%. the ftse mib up .2%. there are some individual stocks worth looking at this morning. here we go, eads up 5% after earnings beat expectations. more on that company later on in the show, as well, with our correspondent in paris. and 6.7% raise in brig. shares rising because of the opt stick outlook for 2013. swiss livestock up 7%. their numbers came in with expectations. shares rising after the c.o. said further writedowns are unlikely. and cable deutsche down 4.5% on reports that vodaphone will have a takeover bid. italy, 4.86%. as peter said, 5%. anything blow that might be a low result. this is interesting, draw your tensio
reconstruction, john sopko delivered a report on you for spending so far show in the u.s. government spent over $7 million on a largely unused building. his remarks from the center for strategic and international studies in washington d.c. rfid the minutes. [inaudible conversations] >> good morning. thanks for coming today. my name name is robert laman and director of the program in crisis conflict and cooperation here at csis. welcome. it is my pleasure today to be hosting john sopko who is the special inspector general for afghanistan reconstruction known by the acronym sigar. mr. sopko has been a state and federal prosecutor. he has been congressional counsel, senior federal government adviser. he has been the chief counsel for oversight and investigation for the house committee on energy and commerce and has also been on the chief oversight counsel for homeland security. and under then senator sam nunn, he was on the senate subcommittee for investigation staff. he has worked at commerce at the justice department, at the state and federal level and today he is the special inspector general f
.75 a share. it would be the biggest leveraged buyout since the financial crisis. the u.s. government launching a civil lawsuit against standard & poors and mcgraw-hill over mortgage ratings. this is the first federal enforcement action against a credit rating agencies over alleged behavior tied more to the crisis. we'll talk more about the story and the implications with jacob frankel as 6:30 eastern. >>> and there's more news for boeing. the company has asked the faa for permission to do test flights. this suggests boeing has found solutions that led to the grounding of the entire fleet last month. the transportation agency says it's unclear whether battery, chemistry or an electrical issue caused a main battery on a plane owned by nippon airlines last month. investigators said today they may widen their probe on other components on the aircraft. >> thank you, mr. professor. yum brands is warning it is expecting 2013 warnings to shrink as it struggled to manage a food safety scare in china. remember i made that joke about cats. we'll leave that alone. also, toyota now raising its an
as somewhat temporary. >> reporter: others say stocks can weather another political deadline dominating u.s. headlines, as long as lawmakers reach an agreement soon. >> they are expecting that dip into sequestration to be fairly short-lived and there to be a compromise worked out sometime before the ongoing resolution on march 27. so, there is room for disappointment if we don't get that silver bullet. >> reporter: still, stocks are vulnerable to myriad other headwinds too, the most notable is the end of a surprisingly good earnings season, and a muddled outlook for corporate profits in 2013. >> we've seen first quarter earnings growth expectations shrink to just a little over 0% from expectations of 3% or 4%. so, it's almost as if for every percentage point companies were beating fourth quarter numbers analysts were cutting the first quarter numbers by a similar amount. >> reporter: so even if sequestration doesn't kill the stock market rally. it could certainly amplify a correction that may have already gotten started. suzanne pratt, "n.b.r.," new york. >> tom: as suzanne mentioned, we're
biggest on record. >>> u.s. president barack obama has renewed his call on congress to avoid automatic spending cuts to scheduled on march 1st. >> these cuts do not have to happen. congress can turn them off any time with just a little bit of compromise. >> obama urged lawmakers to agree on a provisional measure that combines tax increases mainly on the wealthy and some reductions in government expenditures. but the negotiations between republicans and democrats have made little progress. republicans have rejected the president's call. >> listen, the president says we have to have another tax increase in order to avoid the sequester. well, mr. president, you got your tax increase. it's time to cut spending here in washington. >> the white house warns the automatic spending cuts could curtail activities of u.s. troops deployed worldwide, cause >>> congress reached a compromise two months ago to avert the fiscal cliff crisis. a japan based free phone and messaging service is teaming up with finland's mobile phone maker nokia. they're trying to expand into emerging markets. nokia's no low
"newsline". u.s. president barack obama spent much of his first term battling a financial crisis. he won four more years with a pledge to get the economy going again. now he's outlined his strategy for making good on that promise. this year's state of the union address focused on job creation. but north korea also got high play. he said he would seek a tough response to tuesday's nuclear test. we have a report from washington. >> reporter: obama laid out his agenda for this year. he spoke about boosting domestic investment, particularly in infrastructure to bolster the economy and increase jobs. he said he wants to improve the livelihood of middle income americans. >> it is our generation's task to reignite the true engine of america's economic growth, arising, thriving middle class. >> reporter: he promised to tackle issues likely to face opposition from the republicans. tightening growth, tapping the nation's green ooh house emissions and fixes the immigration system. the president singled out north korea as a security threat. he said the regime can only achieve security and pr
of hacking attacks on u.s. infrastructure according to an american u.s. computer security specialists. australians this -- australian swimming in the dock. lack of strong leadership. also, we take a look at what is happening in business. dell could be going private? >> absolutely. they are going to be talking about their earnings later on, but shareholders at the moment saying that there is a glitch in the system and it does not add up. it is -- >> it is 12:00 noon here, 7:00 a.m. in london, and in south africa different stories have been appearing in court. he broke down crying after hearing the story of the premeditated murder of his girlfriend. the prosecutor told the court that he had got up from bed, put on his prosthetic legs, walked to the bathroom and shot his crow friend through the door. with the latest details, here is naomi. >> oscar pistorius was in court today. the pair lived decathlete sobbed into his hands as he listened to the arguments about whether he should get bail. prosecutors gave more detail of what they say happened last night. they'll age that -- they allege
. >>> to the u.s. now where president barack obama has renewed his call on congress to avoid automatic spending cuts scheduled to kick in on march 1st. >> these cuts do not have to happen. congress can turn them off any time with just a little bit of compromise. >> obama urged lawmakers to agree on a provisional measure that combines tax increases mainly on the wealthy and some reductions in government expenditures. but the negotiations between republicans and democrats have made little progress. republicans have rejected the president's call. >> listen, the president says we have to have another tax increase in order to avoid the sequester. well, mr. president, you got your tax increase. it's time to cut spending here in washington. >> the white house warns the automatic spending cuts could curtail activities of u.s. troops deployed worldwide, cause 10,000 teachers to lose their jobs and hinder some patients from receiving medical treatment. the cuts are called sequestration. they were postponed when congress reached a compromise nearly two months ago to avert the so-called fiscal cliff crisis
major deals. what's pressuring stocks? >> a fascinating look at ceo confidence, pwc's u.s. chairman is standing by. right now, he has his annual ceo survey. it might surprise you. >> calling senate's bluff on spending. lou dobbs weighs in. >> news on the stranded carnal cruise ship. the clock cannot turn fast enough. those poor people. >> i agree. up to speed on the markets, back to the floor, annie coal -- and nicole, another sideways day. >> dow down six points, not far off the unchanged line for all three major averages. the nasdaq and s&p squeeze out gains, the dow slightly to the downside. s&p, as we talked about yesterday, right, broader average, and the dow just has 30. it moves the archings more. one thing the traders talked about from the minute i walked in this morning was europe. you see the euro lower, the dollar is strong on a day where we heard that europe is struggling with growth over in germany, in particular, that's the real big one. france and italy would be in there. when you talk about the eurozone and growth potential seeing it is disappointing and not pulling
with british prime minister david cameron as he introduces himself to some of the main u.s. allies. >> he's visiting nine countries as part of this 11-day trip. next stop germany. he also called the head of the syrian opposition group today to encourage him to come to the friends of syria meeting in rome. >> wow. the opposition group said on friday it would boycott that meeting because of a lack of support from the international community. >> we are determined that the syrian opposition is not going to be dangling in the wind, wondering where the support is or if it's coming. and we are determined to change the calculation on the ground for president assad. >> in new orleans the federal government and an army of lawyers for oil giant bp are ready to battle it out. a trial getting under way. >> bp wants to limit the civilian penalties it's got to pay for the worst oil spill in u.s. history almost three years ago. billions of dollars are now at stake. >>> now back to the vatican in crisis. pope benedict's final days now overshadowed by -- you're talking about allegations of abuse, sex, blac
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